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Company Profile  
Cummins India Ltd.
 
BSE Code 500480
ISIN Demat INE298A01020
Book Value(Rs.) 137.74
NSE Code CUMMINSIND
Dividend Yield % 1.65
Market Cap(Rs. in millions) 235675.44
P/E 32.21
EPS 26.39
Face Value(Rs.) 2  

Cummins India (CIL) is leading manufacturer of diesel engines and was incorporated in the year 1962. CIL is subsidiary of Cummins Inc USA, the world’s largest independent diesel engine designer and manufacturer of engines above 200 HP.

Cummins Inc, the parent company of CIL, is engaged in design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. The company has customer presence in more than 160 countries through its network of 550 company-owned and independent distributor facilities and more than 5,000 dealer locations.

In the year 1964 CIL produced its first 11 engines for industrial / mining applications. Later in 1967, the company acquired Cummins Diesel Sales & Service India (CDS&S), which operates lubricants and car care products. The next year the company shipped its 1000th engine.

Today, CIL manufactures diesel engines with a range from 205 hp to 2365 hp and value packages serving the power generation, industrial and automotive markets.

The company has wholly owned subsidiary namely Cummins Sales and Service India (CSS) provides a total after- market support and offer complete business solutions for Cummins customers in India, Nepal and Bhutan.

In April, 2009 Bombay High Court has approved the Scheme of amalgamation of Cummins Sales and Service India (CSS) and Cummins Auto Services (CASL), wholly wned subsidiaries of Cummins India into Cummins India.

On Jan 26,2011-Cummins Inc. announced that it has entered into an agreement to sell its exhaust business to Global Tube, a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, Ill. Consequently, the joint venture partners in India; Cummins India Limited and Cummins Filtration Inc. USA will be divesting their shares in Cummins Exhaust India Limited.

Businesses

Power generation- It is a complete energy and power solution provider with over 25000 MW of installed captive power built across different sector such as telecom, construction, IT/ITES, realty, hospitality, textiles, auto and auto ancillaries, food processing, government, pharmaceutical, gas and manufacturing. This division is market leader in the diesel and gas power systems.

Industrial engine business unit- This division serves an entire solution for diesel engine requirement for the industrial sector with range from 17 HP spanning up to 3500 HP. The company serves to various segments such as construction, mining, compressors, marine, rail, pumps, gas compression, oilfield, defense and re – power.

Automobile business unit- This division provides technologies such as filtration, exhaust, turbo technologies, fuel systems and lubrication to serve truck customers better. 

Distribution unit- Operates under the brand name ‘Cummins Sales and Service India’. Acquired in 1967, with the objective of providing products, packages, services and solutions for uptime of Cummins equipments, it has since been engaged in the business of sale of engines, and providing after-market support to customers in India, Nepal and Bhutan.

Awards

The Power Generation Business Unit of Cummins India Limited (CIL)  won the “Voice of the Customer” awards in 2010 from the international consultancy Frost & Sullivan, second time since 2007.

Cummins India won CII’s National Award for Excellence in Energy Management 2008.

Cummins India was awarded with Frost & Sullivan’s 2007 Voice of Customer Awards.

The rural electrification project initiated by Cummins in collaboration with Cummins Engine Research Facility (CERF) at IIT Bombay, piloted in the village Kolha in Orissa  was conferred with the 11th National Award for “Excellence in Energy Management 2010” by the Confederation of Indian Industry.

2010
- Inauguration of the rural electrification project initiated by Cummins in collaboration with IIT, Bombay and READ Foundation at village Kolha.
- Maharshi Karve Stree-Shikshan Samstha and Cummins India Foundation collaborate to launch a women's engineering college in Nagpur.
- Cummins conferred with the CII National Award for 'Excellence in Energy Management 2010'.
- Cummins wins again the 'Voice of the Customer' Awards from Frost & Sullivan in Five Categories.
2012
- Tata Cummins Limited Wins Greentech Environment Award 2012.'


 

 
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